Five reasons to choose SWATUK to undertake your insolvency compliance review
Insolvency practitioners are required to undertake an insolvency compliance review every year - the ICAEW recently fined numerous practitioners for not carrying out the necessary reviews.
An external compliance review can offer considerable benefits over and above an internal review:
1) We are recognised by the ICAEW and IPA as a reputable provider of insolvency compliance reviews, and are often referred by the regulators in cases when an external compliance review is required. As such, you can be confident your files will be reviewed to a high standard.
2) We are bound by the confidentiality rules of the ICAEW. If using another insolvency practitioner to review your files, you expose yourself to the risk of losing your contacts.
3) Our reviews are completely independent and are subject to review by the regulators during your monitoring visit. As such, we are aware of exactly what’s required in order for you to remain compliant.
4) We can benchmark your procedures against other firms’, enabling you to find out how your procedures compare with the industry standard.
5) We can help identify areas where your time and costs can be reduced. If you conduct a review in-house, you’re effectively auditing the procedures and templates you created and the work you have done. You could be missing out on new ideas to improve the efficiency of your procedures.
Our reviews cost from £1870+VAT per on-site day and, at no extra cost, you’ll receive a comprehensive written report following the review, detailing our findings and any recommendations.
In-house insolvency training
Following your review, we can also provide a training session based on the results of our findings, helping to increase your firm’s productivity and profitability further!
Prices
As a guideline, each one-day visit to your office also involves an additional half a day for writing the recommendations report. The prices quoted below are based on a 'one-day' visit which includes the report. We have two rates for insolvency reviews, depending on the time of year you want the visit:
| Timing of the Review |
Price per day (incl report) |
|
Reviews between 1st January and 30th September
|
£1,870 + VAT
|
|
Reviews between 1st October and 31 December
|
£2,070 + VAT
|
Prices exclude travelling and accommodation costs, where applicable.
Should you require on-site training, please contact us to dicuss your exact requirements so that we can provide a more accurate quote for you.
About our insolvency consultants
SWATUK’s insolvency consultants have vast experience with providing business recovery and insolvency advice to small and medium sized accountancy practices or insolvency departments. Our consistent and methodical approach to compliance visits has helped us build a close working relationship with the insolvency regulators from the relevant professional bodies.
Five reasons to choose SWATUK to undertake your insolvency compliance review
Insolvency practitioners are required to undertake an insolvency compliance review every year - the ICAEW recently fined numerous practitioners for not carrying out the necessary reviews.
An external compliance review can offer considerable benefits over and above an internal review:
1) We are recognised by the ICAEW and IPA as a reputable provider of insolvency compliance reviews, and are often referred by the regulators in cases when an external compliance review is required. As such, you can be confident your files will be reviewed to a high standard.
2) We are bound by the confidentiality rules of the ICAEW. If using another insolvency practitioner to review your files, you expose yourself to the risk of losing your contacts.
3) Our reviews are completely independent and are subject to review by the regulators during your monitoring visit. As such, we are aware of exactly what’s required in order for you to remain compliant.
4) We can benchmark your procedures against other firms’, enabling you to find out how your procedures compare with the industry standard.
5) We can help identify areas where your time and costs can be reduced. If you conduct a review in-house, you’re effectively auditing the procedures and templates you created and the work you have done. You could be missing out on new ideas to improve the efficiency of your procedures.
Our reviews cost from £1870+VAT per on-site day and, at no extra cost, you’ll receive a comprehensive written report following the review, detailing our findings and any recommendations.
In-house insolvency training
Following your review, we can also provide a training session based on the results of our findings, helping to increase your firm’s productivity and profitability further!
Prices
As a guideline, each one-day visit to your office also involves an additional half a day for writing the recommendations report. The prices quoted below are based on a 'one-day' visit which includes the report. We have two rates for insolvency reviews, depending on the time of year you want the visit:
| Timing of the Review |
Price per day (incl report) |
|
Reviews between 1st January and 30th September
|
£1,870 + VAT
|
|
Reviews between 1st October and 31 December
|
£2,070 + VAT
|
Prices exclude travelling and accommodation costs, where applicable.
Should you require on-site training, please contact us to dicuss your exact requirements so that we can provide a more accurate quote for you.
About our insolvency consultants
SWATUK’s insolvency consultants have vast experience with providing business recovery and insolvency advice to small and medium sized accountancy practices or insolvency departments. Our consistent and methodical approach to compliance visits has helped us build a close working relationship with the insolvency regulators from the relevant professional bodies.